Posted by Mike Florio on July 23, 2010 12:04 AM ET
Plenty of teams are refusing to sign veteran players to long-term contracts until a new labor deal is finalized.
The Broncos aren't one of them.
The team announced via e-mail sent moments ago that an extension has been negotiated with linebacker Elvis Dumervil.
Dumervil bagged a team-record 17 sacks in 2009, his fourth season in the league. Blocked from a shot at unrestricted free agency by the rules of the uncapped year, which pushed the threshold for hitting the market from four years to six, Dumervil had less leverage than he otherwise might have enjoyed.
"I am pleased to announce the extension of Elvis Dumervil's contract with the Denver Broncos," G.M. Brian Xanders said. "He has established himself as one of the NFL's premier pass rushers, and he's an important part of the foundation we are building with this team. We are excited to have him as an integral part of the Broncos well into the future."
The specific duration of Dumervil's stay into the future isn't known; the terms have not been disclosed.
Six years, $61.5 million for Dumervil
Posted by Mike Florio on July 23, 2010 12:19 AM ET
The early numbers on the Elvis Dumervil deal have begun to trickle out.
Per a league source with knowledge of the situation, Dumervil's new contract from the Broncos has a base value of $61.5 million over six years.
The deal carries $58.332 million in new money, and an injury guarantee of $43.168 million. Skill guarantees apply in 2011 ($28 million) and 2012 ($12 million).
The compensation for 2009 remains the same, with Dumervil getting $3.168 million. Dumervil's base salary was dropped to the minimum, with the balance paid as a signing bonus.
On the first day of the next league year, whenever it may start, $14 million in base salary becomes guaranteed for skill. At about that time, $6 million of it will be paid out as an advance.
Also in 2011, $14 million in base salary for 2012 becomes guaranteed. In early 2012, $13.3 million of it will be paid as an advance in March of that year.
In 2012, $12 million in base salary for 2013 becomes guaranteed.
The remaining base salaries are $10 million in 2014 and $9 million in 2015.
So much for teams not doing long-term deals worth big money. Then again, the fact that one team did a long-term deal for big money doesn't mean that the rest of them aren't colluding.
Then again, the Broncos arguably had no choice but to pay Dumervil, given the manner in which the team has handled quarterback Jay Cutler and receiver Brandon Marshall.
[ Edited by PTulini on Jul 22, 2010 at 9:34 PM ]